Harnessing data: Transforming ERP systems for smarter decisions

How can businesses unlock the full potential of their data to drive smarter decision-making and improve operational efficiency? By integrating analytics with enterprise resource planning (ERP) systems, organizations can transform their operations, making informed decisions faster and more strategically. A structured approach to data analytics is key, with a focus on developing strong data strategies, implementing robust governance frameworks and fostering a data-first mindset. This enables businesses to turn their data into a powerful strategic asset, unlocking new opportunities for growth and innovation.

Many businesses are still in the early stages of their data analytics initiatives, with challenges such as outdated systems and unclear strategies. A successful analytics program begins with a comprehensive strategy that encompasses discovery, prioritization, modeling, team alignment and a clear roadmap for implementation.

Integrating data analytics with ERP is not without its challenges and organizations must navigate these obstacles all while maintaining data privacy and compliance. Advanced analytics, Internet of Things (IoT), artificial intelligence (AI) and machine learning (ML) within cloud-based solutions offer scalability, real-time insights and enhanced automation for better decision-making and competitiveness.

IFS is a global leader in industrial software, providing a composable platform that integrates ERP to drive operational excellence across industries. Its AI-driven capabilities, including IFS.ai CoPilot and predictive analytics, enhance decision-making, optimize workflows and improve efficiency. By ensuring high-quality data within IFS Cloud, businesses can maximize AI’s potential, leveraging real-time insights through Power BI for smarter, data-driven decisions.

Download the whitepaper to dive deeper into these strategies and explore how your business can turn data into a powerful engine for growth.